China’s President Xi outlined at the Asia-Pacific Economic Cooperation forum how much the world stands to gain from a rising China. He said 500 million Chinese tourists will go abroad over the next five years. This is a conservative estimate.
In 2013, 98 million Chinese traveled abroad. That’s an increase of 18% compared to the year 2012, with the outbound expenditure reaching $128.7 billion USD, an increase of 26.8% on last year. In 2014, outbound tourism is set to rise to about 114 million and this will have an estimated total tourism expenditure of 140 billion USD.
China international travelers to the United States will grow 172% from 2013 to 2019, the largest total growth percentage according to the U.S. Department of Commerce.
High growth rates and large growth volumes are expected for China (24%) and it is expected to increase a total of 3.1 million visitors, or 172% through 2019, and produce the third largest number of additional visitors to the United States behind Mexico and Canada.
China outbound tourists on average spent RMB 20,000 (US$3,252) during travel per person and shopping is an important part of their spend in oversea trips (57.8%)
It is estimated that almost 100 million Chinese traveled out of China in 2013 with this number expected to reach 200 million by 2018. This would mean about 800 million outbound trips over the next 5 years.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.